Ricoh Arena

Next Game

Coventry v Rochdale

Saturday, 31 January 2015, 15:00

Sky Bet League 1

Huish Park

Last Game

Yeovil 0 - 0 Coventry

Saturday, 24 January 2015, 15:00

Sky Bet League 1

Coventry hit by stadium blow

Coventry's hopes of returning to the Ricoh Arena have been dashed after owners Sisu lost a court battle with Coventry City Council.

Last Updated: 30/06/14 at 12:29 Post Comment

Ricoh Arena: Coventry City had hoped to move back in

Ricoh Arena: Coventry City had hoped to move back in

The findings of a judicial review took place on Monday morning and it saw the council successfully defend itself against claims its 14.4million loan to Arena Coventry Limited (ACL), the owners of the Sky Blues' former home the Ricoh Arena, was an 'unlawful subsidy'.

A statement released on the club's website after the hearing described the ruling as"unfortunate" and explained how they believe building a new stadium is now the "only viable commercial option" with any prospect of a move back to their home of eight years seemingly in tatters.

"Coventry City Football Club and its owners' primary objective remains building a long-term future," it read. "The judgement by Hickinbottom J, that the Council's (CCC) decision to provide a £14.4 million loan to private stadium management company Arena Coventry Limited (ACL) was not an unlawful subsidy, is unfortunate.

"The football club and its owners believe that the loan, which exceeded the value of the stadium by almost 200%, was neither lawful nor in the interests of the supporters, taxpayers, stadium operators or the Club.

"ACL will now remain burdened with debt for the next 43 years, removing any prospect of a long term return to the stadium by the Club. With this level of debt there is no realistic prospect of any sports franchise or ACL being able to generate sufficient revenue to be commercially viable.

"We will apply for leave to appeal this decision. Now, more than ever, the new stadium is the only viable commercial option. The owner's primary objective remains building a long term sound financial platform for the future growth of the Club."

A row with ACL over rent meant the League One side played their home games over 35 miles away at Northampton's Sixfields last season in front of meagre crowds.

Related News

Most Commented

Readers' Comments

O

ne of the conclusions from this list is that Man City should never buy a striker in January - good luck Wilfried Bony....

Savinator
F365's Top Ten Worst January Panic Buys

I

was there, it was embarrassing - the team looked totally unbalanced from the off, the defence was woeful and when Mikel came off injured it got even worse with nobody in front of them. Up front on several occasions we had opportunities and nobody would shoot - it was a complete farse! On the back of Salah's performance I'm glad there is talk of getting shot...

Fly1ngh1gh
Cup defeat shames Mourinho

G

reat to see Tommy Rosicky getting some love. A wonderful player. Such a pity we lost so long to injury. I was so excited when we signed him, this resurgence only makes the absences seem more of a lost opportunity.

cheshire-gooner
16 Conclusions: FA Cup Fourth Round Weekend

Footer 365

Capital One Cup: FA charges Chelsea striker Diego Costa over 'stamp' on Liverpool's Emre Can

The FA have charged Chelsea striker Diego Costa with violent conduct over his clash with Liverpool's Emre Can on Tuesday.

Transfer news: Arsenal complete the signing of Villarreal defender Gabriel Paulista

Arsenal have completed the signing of Villarreal defender Gabriel on a long-term deal, for an undisclosed fee.

Gabriel Paulista has joined Arsenal from Villarreal, with striker Joel Campbell

Gabriel Paulista has joined Arsenal from Villarreal, with striker Joel Campbell going to the Spanish club on loan.

Mail Box

Erm... Balotelli To QPR..?

It's an afternoon Mailbox that offers the reaction to the reaction, with a defence for Diego Costa offered, and Balotelli mooted to move to QPR. Plus a silly idea about the Mails...

'Diego Costa Is A Thug.' Sore Losers..?

There is plenty of fallout from Diego Costa's stamps of authority on Tuesday's League Cup semi-final. Plus Blatter, Rodgers' substitutions and stretching the transfer truth...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company